A Hawkish Hold: What's Behind the Fed's Dilemma The Federal Reserve's decision to hold interest rates steady this week has sent a clear message to investors: an increase is likely on the horizon, but not yet.
The S&P 500 plummeted 1. 5% in one of its worst second "Fed days" under new Chairman Kevin Warsh.
Three Fed policymakers broke with the committee's decision to call for higher rates at this week's meeting – a number not seen since September 2016.